BITCOIN VS GOLD
Hi steemian
What is gold and what is bitcoin??
Bitcoin is a peer to peer virtual currency stores in a digital wallet either in a cloud or on user computer.First issuance of bitcoin in January 2009.Meanwhile gold is a chemical asset that historically been highly sough-after for curencies, jewellery and other uses.
Many believes that first gold coins has been used by the Turks around 600bc.
Hundred of ton of gold are mines every year through process that include placer mining, hard rock mining and product mining.
Meanwhile new bitcoin are generated by competitive and decentralised process.
As I m writing this article market price for 1 bitcoin is around usd4000
and gold price per ounce is usd1470.
Comparing gold and bitcoin both have their benefit and their risk.For me let we have it both because it all about timing either short term or long term and many factors that have to be considered with.
Image source:google
Thank you for reading.
@ahmedsteem got you a $1.61 @minnowbooster upgoat, nice! (Image: pixabay.com)
Want a boost? Click here to read more!
Hmmm how come it's 600bc when in fact men were rich in silver and Gold long before then
Ok
An ounce of gold $1470?
Wow! I wonder if the gold-market still thrives.
1kg +-40k
Bitcoin all the way sir!
@steemking777
This post has received a 18.52 % upvote from @buildawhale thanks to: @ahmedsteem. Send 0.100 or more SBD to @buildawhale with a post link in the memo field to bid on the next vote.
To support our curation initiative, please vote on my owner, @themarkymark, as a Steem Witness